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MCGUIRE MANAGEMENT GROUP 401(K) PLAN 401k Plan overview

Plan NameMCGUIRE MANAGEMENT GROUP 401(K) PLAN
Plan identification number 001

MCGUIRE MANAGEMENT GROUP 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MCGUIRE MANAGEMENT GROUP has sponsored the creation of one or more 401k plans.

Company Name:MCGUIRE MANAGEMENT GROUP
Employer identification number (EIN):591482532
NAIC Classification:722511
NAIC Description:Full-Service Restaurants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MCGUIRE MANAGEMENT GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01SHAY ADAMS2014-05-29
0012013-01-01
0012012-01-01SHAY ADAMS2014-02-19
0012011-01-01SHAY ADAMS2012-05-14
0012010-01-01SHAY ADAMS2011-04-05

Plan Statistics for MCGUIRE MANAGEMENT GROUP 401(K) PLAN

401k plan membership statisitcs for MCGUIRE MANAGEMENT GROUP 401(K) PLAN

Measure Date Value
2013: MCGUIRE MANAGEMENT GROUP 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01348
Total number of active participants reported on line 7a of the Form 55002013-01-01366
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0143
Total of all active and inactive participants2013-01-01409
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01409
Number of participants with account balances2013-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0110

Financial Data on MCGUIRE MANAGEMENT GROUP 401(K) PLAN

Measure Date Value
2013 : MCGUIRE MANAGEMENT GROUP 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$430,965
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$128,477
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$125,011
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$249,981
Value of total assets at end of year2013-12-31$1,592,938
Value of total assets at beginning of year2013-12-31$1,290,450
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$3,466
Total interest from all sources2013-12-31$1,376
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$265,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$208,317
Participant contributions at end of year2013-12-31$39,418
Participant contributions at beginning of year2013-12-31$27,122
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31Yes
Value of net income/loss2013-12-31$302,488
Value of net assets at end of year (total assets less liabilities)2013-12-31$1,592,938
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,290,450
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$1,553,520
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$1,263,328
Interest on participant loans2013-12-31$1,376
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$179,608
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$41,664
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$125,011
Did the plan have assets held for investment2013-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Qualified
Accountancy firm name2013-12-31SALTMARSH CLEAVELAND & GUND
Accountancy firm EIN2013-12-31592922169

Form 5500 Responses for MCGUIRE MANAGEMENT GROUP 401(K) PLAN

2013: MCGUIRE MANAGEMENT GROUP 401(K) PLAN 2013 form 5500 responses
2013-01-01Submission has been amendedYes
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

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